Neumeier Poma Investment Counsel buys $21.4 Million stake in Knoll Inc (KNL)

Knoll Inc (KNL) : Neumeier Poma Investment Counsel scooped up 115,175 additional shares in Knoll Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 929,555 shares of Knoll Inc which is valued at $21.4 Million.Knoll Inc makes up approximately 3.51% of Neumeier Poma Investment Counsel’s portfolio.

Other Hedge Funds, Including , Columbia Wanger Asset Management reduced its stake in KNL by selling 2,198,733 shares or 77.6% in the most recent quarter. The Hedge Fund company now holds 634,677 shares of KNL which is valued at $14.6 Million. Knoll Inc makes up approx 0.16% of Columbia Wanger Asset Management’s portfolio.Pax World Management boosted its stake in KNL in the latest quarter, The investment management firm added 19,100 additional shares and now holds a total of 499,793 shares of Knoll Inc which is valued at $11.5 Million. Knoll Inc makes up approx 0.62% of Pax World Management’s portfolio.Chartwell Investment Partners boosted its stake in KNL in the latest quarter, The investment management firm added 10,650 additional shares and now holds a total of 699,705 shares of Knoll Inc which is valued at $16.1 Million. Knoll Inc makes up approx 0.31% of Chartwell Investment Partners’s portfolio.Bronfman E.l. Rothschild reduced its stake in KNL by selling 17 shares or 56.67% in the most recent quarter. The Hedge Fund company now holds 13 shares of KNL which is valued at $303.Td Asset Management Inc reduced its stake in KNL by selling 800 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 33,560 shares of KNL which is valued at $782,955.

Knoll Inc opened for trading at $23.02 and hit $23.28 on the upside on Friday, eventually ending the session at $23.27, with a gain of 1.62% or 0.37 points. The heightened volatility saw the trading volume jump to 1,52,633 shares. Company has a market cap of $1,142 M.

On the company’s financial health, Knoll Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.30. The company had revenue of $284.60 million for the quarter, compared to analysts expectations of $272.40 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Knoll Inc. is a designer and manufacturer of furnishings textiles and leather for the workplace and home. The Company operates through three segments: Office Studio and Coverings. The Office segment includes systems seating storage tables desks and KnollExtra ergonomic accessories as well as the international sales of its North American Office products. The Company’s Studio segment includes its KnollStudio division the Company’s European subsidiaries which primarily sell KnollStudio products Richard Schultz Design and as of February 3 2014 Holly Hunt Enterprises Inc. The Coverings segment includes KnollTextiles Spinneybeck (including Filzfelt) and Edelman Leather. The Company offers its portfolio of furniture textiles and leathers across five product categories: office systems; office seating; files and storage; desks casegoods and tables and specialty products. The Company markets its products under the Knoll and HOLLY HUNT brands.

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